People’s Bank of China Takes on More of Bank of Jinzhou, This Time with Buying NPLs

Posted on 04/06/2020


The financially-embattled Bank of Jinzhou Co., Ltd. inked a deal to sell non-performing assets to the People’s Bank of China (PBOC) at a consideration of 45 billion yuan (US$ 6.34 billion). The PBOC, through Beijing Chengfang Huida Enterprise Management Co. Ltd., will be buying the non-performing assets. The Bank of Jinzhou is essentially unloading some […]